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Nigerians hit as demand pushes up palm oil prices by over 100%

by ODINAKA ANUDU & JOSEPHINE OKOJIE

February 2, 2017 | 1:00 am

Many homes in Nigeria can hardly afford to buy palm oil today, as the price of the commodity which is commonly used in cooking, rises by more than 100 percent, on account of extremely high demand. Households are contending for palm oil with industries which deploy the product in the manufacture of ice cream, margarine,…